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LOCAL CURRENCY LENDING
RBI intervention steadies rupee, governor's rate comment pulls down hedging costsThe Indian rupee showed resilience on Wednesday, recovering from earlier dips, a relief attributed to possible central bank measures. Concu...- Rupee records strongest week in 11 as bond inflows, softer oil prices lend supportThe Indian rupee maintained steady ground against the dollar last Friday, closing almost flat. The day’s trading featured some ups and down...
- India, Sri Lanka collaborate to strengthen trade interactions through local currency settlement initiativesIndia and Sri Lanka are exploring ways to settle trade using their own currencies. This move aims to cut transaction costs and shield busin...
- Hudco mulls $1 billion foreign debt under RBI forex swap facilityHudco aims to secure one billion dollars in foreign debt. This will be achieved through the Reserve Bank of India's concessional forex swap...
- Banks seek RBI nod on Guarantee Rule to boost NRI deposit inflowsBanks are urging the RBI to clarify regulations for the new FCNR deposit scheme, aiming to attract diaspora funds. They seek a tweak in wor...
- Indian firms raise $3.76 bn via ECBs in April; Reliance, Air India among prominent borrowersIndian companies raised $3.76 billion through external commercial borrowings (ECBs) in April 2026, up from $2.91 billion a year earlier, RB...
- Free flow of FCNR(B) money: RBI to bear hedging costs on NRI FX deposits, easing banks’ overseas fundingThe Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. This move aims to make these depos...
- RBI to bear full hedging cost on FCNR(B) depositsThe Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. This move aims to attract more ove...
- 'Rs 30,000 for a car worth lakhs': Local man gets reward for lending his vehicle to police during a chase with drug smugglersA local resident in Uttar Pradesh's Sonbhadra district has been rewarded Rs 30,000 after lending his personal vehicle to police when their ...
- Rupee flat on hopes West Asia truce will holdThe Indian rupee remained stable against the dollar as risk assets gained across Asia and Europe. Falling oil prices and expectations of a ...
- Why West’s crypto rules matter for East’s financial futureThe US CLARITY Act addressing legal uncertainty will shape global crypto regulation. Eastern hubs like the UAE and Singapore are moving ahe...
- A Rs 3 hike makes India’s inflation battle somewhat harderIndian Oil Marketing Companies have increased petrol and diesel prices by Rs 3 per litre each, and CNG by Rs 2/kg, following daily losses o...
- The rupee at record low will end India’s cheap-money eraElevated energy import costs have pushed the Indian rupee to a record low, prompting urgent questions about Reserve Bank of India rate hike...
- NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
- Acko's $250 million IPO; Infosys' market cap plungeNew-age insurer Acko will soon confidentially file draft papers for its stock market debut. This and more in today's ETtech Top 5.
- 'BRICS bank' aims to issue first Indian rupee bond by OctoberThe New Development Bank (NDB) issued its first rand bond in South Africa last week and could consider local currency issuance in members B...
- World Bank mulling local currency lending in countries like India: OfficialSpeaking at the event on global economy organised by the Ministry of Finance and the Reserve Bank of India (RBI) as part of India's G-20 pr...
- NDB plans $500 mn Masala Bonds, hike lending to India: KV KamathKV Kamath, the first head of the Shanghai-based multilateral lending institution, is here in connection with the second annual meeting of t...
- BRICS bank to start lending in local currency by April: K V KamathThe New Development Bank (NDB), set up by five BRICS nations including India, will start lending in local currency by April next year
- US dollar to lose lead in Asia project loans-StanchartProject financing in Asia priced in regional currencies is expected to double this year as banks veer away from assets backed by the U.S. d...
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